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September, 2015

  • w_pg1Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and President of the United States Barack Obama came together for a heady week of negotiations, multi billion dollar deals, photo ops with business and technology leaders and bids to seal the growth of their nations.

    As each economy carefully hinges on that of the other, both Mr. Modi and Mr. Xi coaxed larger investments from the worlds richest democracy in exchange for a small piece of the pie that America always wanted – better transparency, a curb on corruption, protection of intellectual property rights, climate change enforcement’s  and opening up their economies further.

    While meetings hussled around the UN general assembly, Modi and Xi both received accolades for their work in American Media. China having a larger economy and much higher trade targets than India, found herself on more front pages than Mr. Modi who is holding on tightly to the sheen of his India shining. India and the US are hoping to increase bilateral trade to US$500 billion in the next few years from the current US$120 billion. China’s bilateral trade with the US is already around the US$500 billion mark.

    The idea was for each megalomaniac leader to drum up investments and create an international stir to drive their economy forward. For Modi this 2nd trip to the US was a whirlwind affair braced at pushing his “Made in India” campaign tweaked at increasing India’s manufacturing sector which will hopefully absorb the millions leaving agrarian land and graduating by 2020. For Xi, this was his first state visit to the US, marked by a lavish state dinner hosted by US President Barack Obama at the White House. His statement was to boost the Chinese economy with the higher value goods, services and American expertise.

    In addition to hob-nobbing with leaders in Washington, Xi visited Seattle and Modi Silicon Valley. Xi began his week-long visit in Seattle addressing a gathering of 650 business executives, while Modi chose New York to kick off his five-day visit, addressing two round tables—one of financial investors and another with representatives of media and communication companies including Comcast, Time Warner, Discovery, Sony, ESPN, News Corp., 21st Century Fox, Disney and the ABC television group.

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  • cabs
    The sharing economy has got more competitive with Didi Kuaidi, Lyft, India’s Ola cabs and Singapore’s grabtaxi uniting by the force of their investors into one giant competitor for Uber cabs.

    Uber which essentially disrupted taxi services worldwide in 2015, is facing heat admist markets that hold the most potential. Asia with large populations, mostly all on smartphones, is fertile ground for this competition to be fought out. As a result, Uber recently invested US$1.2 billion into China and is expected to invest close to US$1 billion into India.

    While, Bangalore based, Ola cabs is yet to sign on the dotted line with Didi Kuaidi, the knot, according to sources is almost tied. If aligned, Didi Kuaidi, will not just be competing for India’s US$10 billion taxi market, but will become the biggest taxi sharing service worldwide.

    Didi Kuaidi whose investors include Alibaba and Tencent Holdings is valued at $16 billion and is expected to invest close to US$30 million of a total US$500 million raised by Ola. The alliance is targeted at growing their existing marketshare and offering strong competition to Uber which has faced several law suits and isn’t yet on firm ground in India. Ola cabs currently claims 750,000 rides a day in India while Uber plans to scale upto 200,000 rides a day with the new investment.

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  • images-28The character 月 is the same for moon and month in Mandarin. This comes as no coincidence. Its because China, like India follows the lunar calendar. As a result, the two neighbours celebrate several auspicious days at the same time.

    Take for example, On the 27th of September, China celebrated the mid autumn festival while India celebrated the Ganesh festival. Similarly, Chinese New Year was celebrated on February 19th this year, while Maha shivratri was celebrated in India on February 17th. Also, an auspicious day in the holy month of Ramadan was June 20th, the 5th day of the 5th lunar month which coincided with the Dragon Boat Festival in China.

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  • China-to-India-5502Chinese companies are keen now more than ever to invest in India, with a long term vision on rich dividends in the years to come. With a stable economy, government and smart apex bank governor, India is China’s golden ticket.

    Besides Jack Ma who showed interest in investing in Indian technology firms earlier this year, the Wanda group, the world’s largest property developer with interest in culture and tourism, ecommerce and department stores is also keen on investing in India. The property major is in talks with the government of Haryana to develop 100 square kms into an industrial and township zone.

    While final approvals are yet to be sought for Wanda, Guangdong’s Wangtat Construction and Investment Holdings Group recently met with Vapi-based Payal Properties Pvt Ltd to develop an industrial park in Bharuch district. The park is expected to cover 300 acres and is likely to witness an investment of Rs 1,000 crore. It is expected to house industrial units from automotive, pharmaceuticals, textiles, electricity generation equipment as well as electric transmission and distribution sectors.

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